On July 14, 2018, Kate Most Shop, Ino, sold $3200 of inventory (oost is 1350) on count to one of its customers. The form wor 1/10, 600, POBodination on July 10. Kone Most Shop. ne cadunt harge of 505 od to the delivery of the goods sold on July 14. Only 20.8300 of goods (cost is $2150) wat tumed by the customer Only 23. Kine Man Show no one cymorth from customer Road to toucement Requirement monte Do yo cord the controved to the sale. We wil doen Start by youmating the journal 1. Journal necessary transactions for Kanet Shop, Inc. atsing the el method is used. No explanations are required Date by jouw the revenge from the 14 story cordes france Exclude exploration forms Doctor record the Web Date Journal Entry Accounts Accountable Sales Credit Debit 3.200 14 3200 Journalize Kane Meat Shop's cost of goods sold on July 14. Date Debit Credit Journal Entry Accounts Cost of goods sold Estimated inventory returns Jul 14 Journalize the freight charges paid on July 16, Journal Entry Date Accounts Debit Credit Jul 16 Next, journalize the return of of the damaged goods on July 20, 2018. Start by recording the adjustment to the amount duo from the customer. (Do not yet record the inventory adjustment related to the retum Wie wil do this in the naturalny Journal Entry Accounts Date Debit Credit 20 Now adjust the inventory account for the return on July 20, 2018 Journal Entry Accounts Date Debit Credit Jul 4 Journalize the payment in full on July 23 Journal Entry Accounts Date Debit Credit Jul 23